गृहपृष्ठ ∕ Business ∕ MCC approves additional 50 US dollars for Nepal Business MCC approves additional 50 US dollars for Nepal KathmanduPati January 03, 2025 File Photo KATHMANDU – The Millennium Challenge Corporation (MCC) Board of Directors has approved $50 million of additional funding for the Nepal Compact. According to the MCC Board of Directors, the latest announcement underscores the shared commitment between MCC and Nepal to advancing Nepal’s development priorities through transformative, high-quality infrastructure projects. “The additional funding reaffirms our mutual dedication to ensuring the compact’s success in strengthening Nepal’s electricity grid and supporting long-term economic growth,” said MCC Vice President of Compact Operations Cameron Alford in a press statement on January 2. The MCC is an independent U.S. government development agency working to reduce global poverty through economic growth and was created in 2004. It provides time-limited grants that pair investments in infrastructure with policy and institutional reforms to countries that meet rigorous standards for good governance, fighting corruption and respecting democratic rights. Comments 0 Share your view on this story. Please keep it civil and respectful. No comments yet. Be the first to share your thoughts. Leave a comment Cancel replyYour email address will not be published. Comments appear after moderation.CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ Write your comments RELATED NEWS US air traffic failure disrupts thousands of flights PM Shah’s India visit to focus on economic gains China’s Xi to chair APEC leaders’ meeting Nepal seeks Chinese backing for Himalayan mechanism Nepal outlines reforms to advance inclusive development Nepal seeks stronger voice in climate negotiations Top Headlines PM Shah pledges Krishnabhir highway reopening within month1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Monsoon is predictable and Nepal’s disaster response should be too3 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief4 When the State Pulls the Trigger, Who Answers ?5 Before the Ballots: How Oli Lost the Political Narrative6 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward7 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns8 TRENDING What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Impact of Social Media on Nepalese Society Why Are Boys Unexpressive? Police make a woman public in connection to Gongabu murder case This time’s Teej, social distancing please! The FinCEN Files: Nepali banks and companies transact billions of rupees through dubious channels Asheem Man Singh Basnyat: We can evolve as a company to better suit a post-covid world
